$10 million cash injection transforms CBD icon

THE heritage-listed Toowoomba Rail Goods Shed will be redeveloped, with the State Government throwing its money into the council-driven project.

State Development Minister Anthony Lynham announced the commitment this morning in Toowoomba outside the old shed, with half of the project's funding to come from the State Government's Building our Regions initiative.

The $5 million contribution, which has been matched by Toowoomba Regional Council, will turn the unused 120-year-old shed into a first-class flexible space to attract commercial and community interests.

The Goods Shed as seen during a recent Open House. Pictured are Paul Herbert and Stephanie Keays.Nev Madsen

Toowoomba Mayor Paul Antonio made the project council's top priority back in August when it applied for the Building our Regions fund.

All three projects highlighted by council, including the Toowoomba Enterprise Hub Stimulus business case and the Pittsworth Industrial Precinct Enabling project, were green-lighted in the latest round of funding.

Dr Lynham said the Toowoomba funding agreements, totalling nearly $15 million in state dollars, were part of the second round of the program worth $79 million.